Institution(s): Hong Kong Institute of Economics and Business Strategy , Hong Kong Centre of Economic Research

Date: Mar 09, 2000 (Thursday)

Time: 12:00 noon - 02:00 pm

Venue: Conrad Hotel, Granville Room Pacific Place, 88 Queensway, Admiralty

Medium : English

Fee : HK$450 per person

Abstract:

It is widely recognized that various aspects of compensation can affect worker behavior. Professor Lazear will explore a few areas in which economic analysis has provided guidance to business in setting up monetary incentives. These include motivating workers to put forth effort on the job, retirement behavior, worker retention and stock option plans, and how to design contracts for new projects.

Edward P. Lazear, senior fellow at the Hoover Institution since 1985, is also the Jack Steele Parker Professor of Human Resources, Management and Economics (1995) at Stanford University's Graduate School of Business, where he has taught since 1992. He taught previously at the University of Chicago's Graduate School of Business, where he was the Brown Professor of Urban and Labor Economics.

Current and founding editor of the Journal of Labor Economics, he is also an elected fellow of the Econometric Society and a research associate of the National Bureau of Economic Research. His research is currently supported by the National Science Foundation. Lazear was the first vice and is now the president of the Society of Labor Economists.

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Professor Edward Lazear and Professor Richard Wong at the headtable
(Professor Edward Lazear)